December 08, 2009

It's nice to read some good news about retail

William Ackman thinks retail is a good bet. The founder of hedge fund Pershing Square Capital Management is even big on Sears.

The investor bases his views, he says, on a retail economy that’s doing better than most people think. "We think store-closure fears were over blown," he said at the International Council of Shopping Centers’ New York Conference.

Ackman: Retail Is a Good Bet


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